Insurance brokerage platform Newfront announced a $200 million investment at a $2.2 billion valuation led by the Goldman Sachs Asset Management and B Capital with participation from existing investors including Founders Fund and Meritech Capital.
Newfront said it plans to grow its technology teams and focus on harnessing data-driven insights for clients. The company also plans to expand across the U.S.
The platform serves commercial risks, risk management, employee benefits, private client and retirement services brokerage.
